(MB) Chinalco starting trading of Rio Tinto ore

Feb 28, 2011 | 12:36 PM |

Tags  China, Chinalco, iron ore, Rio Tinto, aluminum corp., Australia

SHANGHAI, China — Aluminum Corp. of China Ltd. (Chinalco) recently received its first iron ore shipment from Australia, marking the launch of its iron ore trading business.

The shipment of iron ore, which arrived Feb. 25 at Lianyungang’s Xinluqiao Port, in China’s Jiangsu province, is from a cooperation agreement with Rio Tinto, Chinalco said.....

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